Pig prices fluctuate inconsistently, businesses "roll up their sleeves" to stimulate market demand

The price of live pigs today, June 10, in the Southern region fluctuated inconsistently, ranging from 56,000 - 60,000 VND/kg.

Pig price today June 10: Pig price fluctuates inconsistently. (Source: Eva)

Pig price today June 10

* The live pig market in the Northern region recorded an increase of 1,000 VND/kg.

Specifically, Hung Yen province adjusted the price of live pigs to the highest level of 59,000 VND/kg.

The remaining provinces and cities have prices unchanged compared to yesterday.

Today's live pig price in the North is around 57,000 - 59,000 VND/kg.

* Pig prices in the Central and Central Highlands regions fluctuate.

Accordingly, after increasing by 1,000 VND/kg, the price of live pigs in Thanh Hoa increased to 59,000 VND/kg - the highest in the region.

Meanwhile, traders in Quang Binh are trading live pigs at 57,000 VND/kg after a decrease of 1,000 VND/kg.

Currently, the price of live pigs in the Central and Central Highlands regions is around 56,000 - 59,000 VND/kg.

* In the Southern region, pig prices fluctuate inconsistently.

In particular, the highest transaction price in the region is 60,000 VND/kg, currently present in Dong Nai province after increasing 1,000 VND/kg, along with Long An.

On the contrary, live pigs in Can Tho province are being purchased at 58,000 VND/kg, a slight decrease compared to yesterday.

The price of live pigs in the Southern region today fluctuates between 56,000 - 60,000 VND/kg.

* According to the assessment of the Import-Export Department (Ministry of Industry and Trade), in May, the price of live pigs nationwide tended to increase sharply by 4,000-7,000 VND/kg, in which the price level in cities was around 55,000-61,000 VND/kg. This is the highest price in nearly a year.

Prices increased mainly because the number of pigs being sold off due to the impact of African swine fever gradually decreased, while many pig farmers stopped restocking their herds, and large livestock enterprises had no plans to expand their scale due to concerns about oversupply.

However, even at this level, the total pig herd in the country still increased by 6.2% compared to the same period last year. Along with weak purchasing power and no increase in consumption output, it is difficult for the price of live pigs to maintain a high level for a long time.

Vice President of Dong Nai Livestock Association Nguyen Kim Doan said that on June 4, large foreign-invested livestock companies continued to discount traders by VND1,000/kg to stimulate market demand.

With this discount, the announced price of live pigs is 60,500 VND/kg and thus, the purchase price at the farm for farmers is at 59,000-60,000 VND/kg.

With this price level of live pigs, according to Mr. Doan, depending on the scale of production, those units that already have barns, work for profit, do not borrow from banks, and can buy raw materials for animal feed that are decreasing will make a profit. If they have to borrow from banks to do business, the current price of live pigs will be equivalent to the cost of production.

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